Men Accountants earn 60% more than Women
Friday, 5 March 2010
Source: FinancialDirector.co.uk
Male accountants over 45 earn 60% more than female counterparts, study reveals
The pay-gap between male and female accountants over 45 has stretched to 60%, a new study has found.
The average basic salary for a male accountant over 45 is £98,400, while their female colleagues’ average is £60,500, according to a Career Benchmarking Study released by the ICAEW and recruiters Robert Half.
This difference increased in the past year, with women aged 46-55 seeing their wages drop by an average of 10% from last year’s figures, compared with just a 1% drop for males.
However, for younger accountants the difference is much smaller. Females under 30 receive an average wage of £47,300 (an increase of 3% from the previous year) while the average male salary is only 4% higher at £49,300 (a decrease of 5% from the previous year).
Michael Izza, chief executive of the ICAEW, said: “Our studies show that to attract and retain female talent, it is also vital to meet employee expectations regarding career progression and work-life balance.”
SG Comment: Whilst the above article provides quite revealing stats on male/female salaries, it doesn't attempt to explain why there appears to be a wide gulf between male/female salaries at equivalent grades, particulary for ages above 30. This should be incredibly obvious - a lot of women leave the market to have children, and then resume their careers later on. Of course, a women that has taken 3-5 years out of the market to have a family will be re-employed on a lower salary level than an equivalent man that has stayed in the market, that makes sense and is the case. Conversely, I think it is also the case that, in the majority of situations, women that don't have career breaks to have a family stay at the same salary levels as men, which again is not factored into the above study.
Male accountants over 45 earn 60% more than female counterparts, study reveals
The pay-gap between male and female accountants over 45 has stretched to 60%, a new study has found.
The average basic salary for a male accountant over 45 is £98,400, while their female colleagues’ average is £60,500, according to a Career Benchmarking Study released by the ICAEW and recruiters Robert Half.
This difference increased in the past year, with women aged 46-55 seeing their wages drop by an average of 10% from last year’s figures, compared with just a 1% drop for males.
However, for younger accountants the difference is much smaller. Females under 30 receive an average wage of £47,300 (an increase of 3% from the previous year) while the average male salary is only 4% higher at £49,300 (a decrease of 5% from the previous year).
Michael Izza, chief executive of the ICAEW, said: “Our studies show that to attract and retain female talent, it is also vital to meet employee expectations regarding career progression and work-life balance.”
SG Comment: Whilst the above article provides quite revealing stats on male/female salaries, it doesn't attempt to explain why there appears to be a wide gulf between male/female salaries at equivalent grades, particulary for ages above 30. This should be incredibly obvious - a lot of women leave the market to have children, and then resume their careers later on. Of course, a women that has taken 3-5 years out of the market to have a family will be re-employed on a lower salary level than an equivalent man that has stayed in the market, that makes sense and is the case. Conversely, I think it is also the case that, in the majority of situations, women that don't have career breaks to have a family stay at the same salary levels as men, which again is not factored into the above study.
Labels: employment law, employment market, flexible working, HR issues
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posted by Simon Godley
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09:30
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